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Which of the following represents land-, labor-, and capital-intensive commodities, respectively? multiple choice 1 Automobiles, corn, and transistor radios Corn, clothing, and aircraft Clothing, aircraft,
Which of the following represents land-, labor-, and capital-intensive commodities, respectively? multiple choice 1 Automobiles, corn, and transistor radios Corn, clothing, and aircraft Clothing, aircraft, and automobiles Wheat, automobiles, and transistor radios b. Distinctions between land-, labor-, and capital-intensive commodities are important because multiple choice 2 when a country has an abundance of one type of resource, it usually does not have much of other resources. for every one unit of capital-intensive commodities, two of land and labor must be present. an abundant supply of one type of resource gives a country a comparative cost advantage in products using that resource. these commodities must be present for growth to occur. c. Distinctive products multiple choice 3 provide an export niche for a country. decrease production costs for a country. increase production costs for a country. are the basis for international trade and specialization
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